Sep 4, 2011

Forex Crunch USD/CAD Outlook – September 5-9

Forex Crunch USD/CAD Outlook – September 5-9

USD/CAD Outlook – September 5-9

Posted: 03 Sep 2011 11:58 PM PDT

The Canadian dollar followed the US weakness and retreated. A busy week is a head with the rate decision, employment figures, housing data and Ivey PMI. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar.

Last week Canadian domestic growth rate has rebounded in June after 0.3% drop in the previous month. This rise was in line predictions indicating Canadian economy is back to expansion. Will this trend continue?

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NZD/USD Outlook – September 5-9

Posted: 03 Sep 2011 09:29 PM PDT

The New Zealand dollar kept the strong momentum and stood out. REINZ house price index is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

Last week NBNZ Business Confidence Survey plunged to 34.4 from 47.6 reading in the previous month. This decline came following the symposium in Jackson Hole where the financial crisis inEuropewas widely discussed, raising concerns around the globe. However housing consents surged 13.0% in July from 1.0% decrease in the previous month promising a positive long term rise to the housing sector following the earthquake inChristchurch.

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USD/JPY Outlook – September 5-9

Posted: 03 Sep 2011 10:25 AM PDT

Dollar/yen remained range bound. Will it make a move, now that there’s a new government in Tokyo? The rate decision and BOJ Press Conference are the main events this week. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week readings showed improvement in household spending, Average cash earnings, total domestic currency in circulation and housing starts. However retail sales gained 0.7% less than the 1.1% rise predicted, and preliminary industrial production increased by 0.6%, below the 1.6% expected. Nevertheless these figures show a clear trend of recovery at a moderate pace.

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Senior IMF Economist Expects Hard Default For Greece. Soon.

Posted: 03 Sep 2011 06:47 AM PDT

According to a senior IMF economist who wasn’t identified, Greece will likely face a “hard default” well before March 2012.

It could happen during 2011, and perhaps after the current round of negotiations. This acknowledgement from someone very close to the matter in a body that is heavily involved in the bailout, is quite worrying.

Read the rest of the article Senior IMF Economist Expects Hard Default For Greece. Soon.

EUR/USD Outlook – September 5-9 2011

Posted: 03 Sep 2011 06:25 AM PDT

Euro/dollar couldn’t break out of range and it ended the week 300 pips lower. Will it climb back within range or break lower? The upcoming week is very busy and consists of the rate decision among other events. Here is an outlook for these events, and an updated technical analysis for EUR/USD.

The now quarterly Greek debt crisis is with us again: Greece didn’t meet its obligations and the EU / IMF delegation left the country, with a senior IMF economist saying that a hard default is imminent. Also in the US, things look quite gloomy with zero jobs gained in August. This September isn’t going to be nice, but action is guaranteed.

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